GE Renewable Energy makes $10.4bn in orders last year

By Sophie Chapman
General Electric subsidiary, GE Renewable Energy, has announced it successes from last year, including making a total of US$10.4bn in orders...

General Electric subsidiary, GE Renewable Energy, has announced it successes from last year, including making a total of US$10.4bn in orders.

The renewable energy firm, known for its wind and hydro products, also recorded $10.3bn in sales in 2017.

In the same review period, the US-based company noted a 30% growth in its international orders.

Last year, GE Renewable Energy also released the world’s largest onshore wind turbine – with a 4.8MW capacity, creating enough energy to power 5,000 homes.

The firm also recorded orders for the US’ largest wind farm, to be located in Oklahoma.

SEE ALSO:

The Wind Catcher farm will have a capacity of 2GW.

GE Renewable Energy also received orders for the largest wind farm in Australia – the Coopers Gap Wind Farm will have a 453MW capacity and will be located in North Queensland.

In 2017, the firm acquired LM Wind Power, a blade manufacturer, in a €1.5bn (US$1.65bn) transaction.

GE Renewable Energy is the first offshore wind supplier working in Europe, Asia, and North and South America.

The company’s hydro division also noted a 10% growth in orders and a 40% increase in services in the year.

Share

Featured Articles

Digital Realty & Schneider: Powering Net Zero Data Centres

With Schneider Electric, Digital Realty has signed five renewable energy PPAs, totalling 134MW, to bring its global renewable energy contract to 1.4GW

Collaboration Driving New Zealand's Renewable Energy Future

Spark and Genesis Energy will join forces to supply the telco with renewable energy to power its operations, providing a cleaner energy future for NZ

Is Volcanic Ash an Answer to Efficient Solar Energy Storage?

Volcanic ash, typically seen as a disruptive force, is now hailed by University of Barcelona researchers as a valuable energy storage medium

EY: How CEOs are Pushing Energy Transition Priorities

Sustainability

Reducing Low-Carbon Hydrogen Costs Key to Decarbonisation

Sustainability

Sustainability LIVE Among World’s Top Sustainability Events

Sustainability